what is utility function
Answers
Answered by
1
Answer:
Within economics, the concept of utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness within the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill.
Answered by
3
Answer:
Within economics, the concept of utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness within the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill
Similar questions
Environmental Sciences,
3 months ago
Computer Science,
3 months ago
Chemistry,
3 months ago
English,
5 months ago
Math,
5 months ago
Social Sciences,
1 year ago
Geography,
1 year ago
Computer Science,
1 year ago